(An open-ended short term debt scheme investing in
instruments such that the Macaulay duration† of the
portfolio is between 1 year and 3 years.
A Moderate Interest Rate Risk and Moderate Credit Risk)
(An open-ended short term debt scheme investing in
instruments such that the Macaulay duration† of the
portfolio is between 1 year and 3 years.
A Moderate Interest Rate Risk and Moderate Credit Risk)
The primary objective of the Scheme is to generate income and capital gains through investments in a portfolio of debt and money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
NAV Details ( As on September 30, 2024 )| Regular Plan - Growth Option | : ₹ 27.5498 |
| Regular Plan - Quarterly IDCW Option | : ₹ 10.6150 |
| Regular Plan - Monthly IDCW Option | : ₹ 10.2475 |
| Direct Plan - Growth Option | : ₹ 29.7533 |
| Direct Plan - Quarterly IDCW Option | : ₹ 11.1114 |
| Direct Plan - Monthly IDCW Option | : ₹ 10.3926 |
Benchmark Index (Tier 1)CRISIL Short Duration Debt A-II Index
Date of AllotmentJune 30, 2010
Fund Manager μ| Fund Manager | Managing fund since | Experience |
| Prashant Pimple | 21-Oct-22 | 24 years |
| Vikram Pamnani | 11-Jul-24 | 14 years |
μ Dedicated Fund Manager for Overseas Investments: Mr. Jay Sheth (Managing fund w.e.f. September 01, 2023)
Load Structure(w.e.f. September 20, 2022)
Entry Load
Exit Load : Nil
For detailed load structure please refer Scheme Information Document of the scheme.
Minimum Application Amount:
₹ 5,000 and in multiples of ₹ 1 thereafter.
Minimum Additional Application Amount:
₹ 1,000 and in multiples of ₹ 1 thereafter.
| Monthly AAUM## As on September 30, 2024 | : ₹ 210.62 Crores |
| AUM## As on September 30, 2024 | : ₹ 202.6 Crores |
## excluding inter-scheme Investments, if any, by other schemes of Baroda BNP Paribas Mutual Fund, as may be applicable
| Fixed Income Holdings | Rating | % of Net Assets |
| Corporate Bond | 67.55% | |
| ✔National Housing Bank | CRISIL AAA | 7.45% |
| ✔Hindustan Petroleum Corporation Limited | CRISIL AAA | 6.00% |
| ✔Power Grid Corporation of India Limited | CRISIL AAA | 6.00% |
| ✔Larsen & Toubro Limited | CRISIL AAA | 5.00% |
| ✔Jamnagar Utilities & Power Private Limited | CRISIL AAA | 4.99% |
| ✔Indian Oil Corporation Limited | CRISIL AAA | 4.97% |
| ✔Indian Railway Finance Corporation Limited | CRISIL AAA | 4.97% |
| ✔Nomura Capital India Pvt Limited | FITCH AAA | 4.95% |
| ✔Shriram Finance Limited | CRISIL AA+ | 4.95% |
| JM Financial Products Limited | ICRA AA | 4.93% |
| Export Import Bank of India | CRISIL AAA | 4.92% |
| Power Finance Corporation Limited | CRISIL AAA | 2.98% |
| REC Limited | CRISIL AAA | 2.47% |
| IndoStar Capital Finance Limited | CARE AA- | 2.45% |
| Housing & Urban Development Corporation Limited | ICRA AAA | 0.52% |
| Government Bond | 22.87% | |
| ✔7.32% GOI (MD 13/11/2030) | Sovereign | 20.36% |
| 7.38% GOI (MD 20/06/2027) | Sovereign | 2.51% |
| Corporate Debt Market Development Fund | ||
| Corporate Debt Market Development Fund | Others | 0.32% |
| Total Fixed Income Holdings | 90.74% | |
| TREPS, Cash & Other Net Current Assets | 9.26% | |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 69.64% of the portfolio
Pursuant to distribution under Income Distribution cum Capital Withdrawal (‘IDCW’) option, NAV of the IDCW option of the scheme(s) would fall to the extent of payout and statutory levy (if applicable). The
amounts under IDCW options can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Past performance may or may not be sustained in future.
The above stated distribution rate per unit is net distribution rate after deducting applicable taxes. The above distribution rates are on face value of ₹ 10 per unit.
| TER - Regular Plan (%) | 1.05% |
| TER - Direct Plan (%) | 0.38% |
| Average Maturity (years) | 3.26 |
| Modified Duration (years) | 2.64 |
| YTM (%) | 7.40% |
| Macaulay Duration† (years) | 2.79 |
* The information contained in this report has been obtained
from sources considered to be authentic and reliable. The
quantitative data does not purport to be an offer for purchase
and sale of mutual fund units.
†Concept of Macaulay duration: The Macaulay Duration is a
measure of a bond’s sensitivity to interest rate changes. It is
expressed in annual terms. It is the weighted average term to
maturity of the cash flows from a bond. The weight of each
cash flow is determined by dividing the present value of the
cash flow by the price. Factors like a bond’s price, maturity,
coupon, yield to maturity among others impact the calculation
of Macaulay duration. The Macaulay duration can be viewed as
the economic balance point of a group of cash flows. Another
way to interpret the statistic is that it is the weighted average
number of years an investor must maintain a position in the
bond until the present value of the bond’s cash flows equals
the amount paid for the bond. As it provides a way to estimate
the effect of certain market changes on a bond’s price, the
investor can choose an investment that will better meet his
future cash needs.
| Credit Risk (Max) → | Relatively Low Class A (CRV>=12) | Moderate: Class B (CRV>=10) | Relatively High: Class C (CRV<10) |
| Interest Rate Risk (Max) ↓ | |||
| Relatively Low: Class I (MD<=1 year) | |||
| Moderate: Class II (MD<=3 year) | B-II | ||
| Relatively High: Class III (Any MD) |
MD=Macaulay Duration, CRV=Credit Risk Value.
‡ The PRC matrix denotes the maximum risk that the respective Scheme can take i.e. maximum interest rate risk (measured
by MD of the Scheme) and maximum credit risk (measured by CRV of the Scheme)
➤ Regular income over short term.
➤Investment predominantly in Money Market Instruments (i.e. CP/CD) and Short Term Debt Market Instruments.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
^^Riskometer For Scheme: basis it’s portfolio, For Benchmark (CRISIL Short Duration Debt A-II Index): basis it’s constituents; as on September 30, 2024
** CARE’s fund quality rating is not a recommendation to
purchase, sell, or hold a security/ fund. It neither comments
on the current market price, suitability for a particular investor
nor on the prospective performance of the fund with respect to
appreciation, volatility of net asset value (NAV), or yield of the
fund. The ratings do not address the funds ability to meet the
payment obligations to the investors
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.